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Alaska Native corporation sells four Anchorage-area hotels


The buyer, JL Properties, is an Alaska-based real estate and investment firm. According to a news release issued by the NANA Regional Corporation, the company sold the Courtyard, Midtown Springhill Suites, Residence Inn, and the University Lake Springhill ...


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ANCHORAGE (KTUU) - An Alaska Native corporation said on Monday that it would be concentrating on resource development in the state after selling four of its Anchorage hotelsThe buyer, JL Properties, is an Alaska-based real estate and investment firm. According to a news release issued by the NANA Regional Corporation, the company sold the Courtyard, Midtown Springhill Suites, Residence Inn, and the University Lake Springhill Suites. NANA and Sodexo had a 60-40 percent ownership share in the first three hotels listed above, while NANA fully owned the University Lake Springhill Suites. NANA said it will now be concentrating further on other industries such as its interest in the Red Dog Mine, in addition to other interests. In the release, CEO and President Wayne Westlake said, “The NANA board of directors set a goal to increase profitability at NANAPart of that strategy, as I shared at NANA’s 2016 Annual Meeting, is to sell certain assets when the time is rightThis was the right time and the right deal for NANA.”

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